From: "Perry E. Metzger" <pmetzger@lehman.com>
Date: Fri, 20 Aug 93 07:31:32 PDT
To: cypherpunks@toad.com
Subject: Re: Traveller's Checks...
In-Reply-To: <9308192350.AA12661@bass.chp.atmel.com>
Message-ID: <9308201431.AA03899@snark.lehman.com>
MIME-Version: 1.0
Content-Type: text/plain



Peter Baumbach says:
> Peter Wayner says:
> > I think that American Express wouldn't be interested in 
> > anonymous cash because the most important "feature" of
> > a traveller's check is the lack of transferability. Once
> > they're bought, only one person can spend them. 
> >[...]
> I think American Express would be interested in collecting a
> percentage of the cash-flow.  The underground economy is pretty
> big.  Wouldn't it be nice to get a percentage of it?

No. They have a special relationship with many governments around the
world and in order to keep it are extremely careful not to involve
themselves in anything that even remotely smells, especially after the
Safra affair a few years ago.

Perry